- The Solana price continues its bullish consolidation with great success, forming a new maximum price today at the level 36.97.
- This morning we saw Cardano price jump to the 0.305 level.
Solana Chart Analysis
The Solana price continues its bullish consolidation with great success, forming a new maximum price today at the level 36.97. There are no signs of weakness in this consolidation and expectations are that we will see continuation and growth to higher levels on the chart. The highest potential targets are the 38.00 and 39.00 levels.
For a bearish option, we need a negative consolidation and a pullback to the 35.00 support level. Then we need a drop below it, and that would mean that bearish pressure is building, and we could see stronger bearish momentum and a drop lower. The lowest possible targets are the 34.00 and 33.00 levels.
Additional support for Solana price could be found at the EMA50 moving average in the area around the 32.00 level.
Cardano Chart Analysis
This morning we saw Cardano price jump to the 0.305 level. The last time we were at that level was at the beginning of August. There was saturation at that level and the price retreated to the 0.295 level, where it found support and stopped the pullback.
We now expect to see a new bullish consolidation and a move above the 0.300 level again. The highest potential targets are the 0.305 and 0.310 levels.
For a bearish option, we need a negative consolidation and a pullback below the support at the 0.295 level. After that, we need to pay attention to the 0.290 level because if we break below, we will encounter the EMA50 moving average.
A price drop below that support opens the door for a larger pullback in Cardano price. The lowest possible targets are the 0.285 and 0.280 levels.
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